CHARITY REGISTRATION NUMBER: 1171638 Reach Out Ministries Unaudited Financial Statements 1 January 2025 WM FORTUNE AND SON Chartered accountsnts Collingwood House Church Square Hartlepool TS24 7EN
Reach Out Ministries Financial Ststements Year ended 1 January 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial ath"vities Statement of financial position Notes to the financial statements
Reach Out Ministries Trustses. Annual Report Year ended 1 January 2025 The trustees present their report and the unarted financial statements of the chanty for the year ended 1 January 2025. Reference and admlnlstrntlve detalls Registered charity name Reach Out Ministries Charlty reglstration number 1171638 Principal offKe 14-16 Whitby Street Hartlepool TS24 7AD The trustses (Served from 26 April 2024 to 19 September 2024) (Appointed 10 April 2024) M tknherty GKel A Grosvenor Independent examiner Thomas Atkinson Collingy0d House Church Square Hartlepool TS24 7EN Structure, govemance and management Reach Out Mini8tries is an unincorporated charity registered with the CharitEs commiss)n. Objectives and activitles The Advancement of the Christian faith in accordan with the basis of faith and the relief of those in need because of kack of accommodatN)n, ill-healih, addn, disabilrty, financial hardship or other disadvantages. The objectives shall be pursued in acrdare with christian principles and practtis and in such a Nvay that demonstrates and recommends farth in Jesus Christ as savK)ur and lord and particularly the values of care and concern for the needy and vulnerable. Achievements and perforniance The organisation is a reshjential rehabiliLatK)n centre linked to the LNing Waters Church. The pastor of Living Idvaters Church oversees the Kirk of the rehabilitation Centre. Its main aims are to introduce to the love of God shown through Jesus Christ. to encourage those who already know God's Love to keep trusting in that and to demonstrate Gcmj's love in practal acts of kindness, reaching out to those who have lost hope. The organisation provmles support livirvJ accommodation for adu$ struggling with addictv)n. The trustees have advised that the key aivities of the organk8atK)n are.. 1. To wvrk alongside individuals wh addictions to help them into a place of r¥Jn4ependency; 2. To work alongswje the families of the indp4iduals with addictions seeking to bring about reconcilkgtK)n; 3. To work abngside doctors, social sep4ices and the mentsl heafth experts to be part of a wider netwo of support,. 4. To support indivpJuals in lrfe skills arKI furthereducation.
Reach Out Ministries Trustees. Annual Report (contiwed) Year ended 1 January 2025 Flnanclal revlew The charty incurred a def11 of £10,505 (2023 Surplus £1,153) The trustees, annual report was approved on 20 June 2025 arKI signed on behalf of the board of trustees by: Trustee Trustee
Reach Out Ministries Independent Examinerfs Report to the Trustees of Reach Out Ministries Year ended 1 January 2025 I report to the trustees on my eXaMinatn of the finala1 statements of Reach Out Ministries (Ihe charity.) for the year ended 1 January 2025. Responslbllltles and basis of rèport As the trustees of the charity you are responsble for the preparation of the financial statements in accordance with the requirements of the Chatities Act 2011 {'the Act,). I report in respect of my examination of the chanty's financial statements carried out under sectnn 145 of the 2011 Act and in carying out my examination I h&4e folk)Vd all the applicable Directions grven by the Charty CommrssK)n under section 145(5){b) of the Act. IndeporKlent examinerfs ststement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in sectK)n 145 of the 2011 Act. l Confimi that l am quaIrfd to undertake the examination because l am a member of the Instrtute Df Chartered knuntants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to belEve that in any material respect.. accounting records vRre not kept in respect of the charity as required by sectDn 130 of the Act., or the financial ststements do rK)t accord with those records., or the financial statements do nct compty with the applicabk requirements conceming the fonn and content of accounts set out in the Charrties (Accounts and ReF)Orts) Regulations 2008 other than any requirement that the accounts give a Irue and fail view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention shoukj be drawn in this report in order to enable a proper understanding of the accounts to be reactr. Thomas Atkinson Independent Examiner Collingwood House Church Square HartpOOl TS24 7EN
Reach Out Ministries ststement of Financial Activities Year ended 1 January 2025 2025 UnstriCted funds Total funds Total funds 2024 Income and endowments Donations and legacies charrtab activtiies Investment income 71,526 2CE,120 71,526 206,120 80,873 179,630 28 Total Income 277.652 277,652 260,531 Expenditure Expenditure on Charitab actr4*ii Total expenditure 271,701 271.701 271,701 271,036 271.701 271,036 Net incomel(expenditure) and net movement In funds 5,951 6,961 (10,505) Reconcillation of funds Total funds brought forward Total funds carrled forward 7,981 7,981 13.932 18,486 7,981 13.932 The statement of financial activrties includes all gains and losses recognised in the year. All income and expendrture derNe from continuing activities. The noto8 on pa9 8 to 12 fonn part of the financlal statemènts.
Reach Out Ministries Statement of Financial Position 1 January 2025 2026 2024 Fixed assets Tangible fixed assets 14 9.462 9,462 Currerrt assets Cash at bank and in harKI 7.093 1,142 Creditorn: amounts falling due within OM year Net current assets 15 2,623 2,623 4,470 (1.481} 7,981 Total assets less currnnt liabilities 13,932 Funds of the charity Unrestricted funds 13.932 7,981 Total charity funds 17 13.932 7,981 These financAI statements were approved by the board of trustees and aLrthorised for issue on 20 June 2025, and are signed on behalf ofthe board by.. Trustee The not•• on pagM 6 to 12 forni part of th080 financlal statomonts.
Reach Out Ministries Notes to the Financial Statements Year ended 1 January 2025 General Infomiation The charity is a publ benefit entty arKI a registered chanty in England and Wa$ and is unincorporated. The address of the principal offe is 14-16 Whrtby Street, Hartlepool. TS24 7AD. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charttEs preparing their accounts in accordance wrth the Financkql Reporting Standard appIable in the UK and Republ of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basls of prnparatlon The financial statements have been prepared on the hiStOral cost basis, as modified by the revaluatK)n of certain financial asw.s and liabilrtEs and investment prcperties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fvnctional currency of the entty. Going concem There are rK) material uncertainties about the charty's abilty to continue. Disclosure exemptions The charty satisfies the crrteria for qualrfying as small as defined in FRS102. such, advantage has been taken of the following disclosure exemptDns avalble under paragraph 1.12 of FRS 102: (a) No cash flow statement has been prepared. (b) Disclosures in respect of financial instruments tBve mt been presented. Judgements and key sources of estimation uncertainty None Fund accountbng Unrestrted funds are avaikible for use at ttr di5cretK)n of the trustees to further any of the charty's purposes. DeSJnated funds are unreStred funds eannarked by the trustees for particular fLrture project or commitment. Restricted funds are subjected to restrrtions on their expendrture declared by the donor or through the tenns of an appeal, and fall into one of tw) sub-classes.. restred income funds or endo%Mnent furKIs.
Reach Out Ministries Notes to the Financial Statements (tontiu Year ended 1 January 2025 Accounting policies (contiThM¢ Incoming resources All incoming resources a ir£luded in the statement of financial adivities when entitlement has passed to the charity,. it k8 probab that the economic benefts associated wrth the transactN)n will flow to the charity and the amunt can be relpbty measured. The following specrfic F)olicies are appl to particular categories of income: income from donations or grants 15 recognised when there is evKlence of entrtlement to the gfft, receipt is probable and lis amount can be measured reliably. legacy income ks recognised when rece4)t is probable and entit1errnt is established. income from donated gc(#s is measured at the fair value of the goods unsS this ts impractical to measure relobls,, in wthich case the value k8 derived from the cost to the donor or the estinated resale value. Donated fac11rt$ and seprfr2s are recjniSed in the accounts when receI+d rf the value can be reliably measured. No amounts are included for the contrbutK)n of general volunteets. irwme from contracts for the suppty of services is recognised with the delivery of the contracted seprfe. This is classrfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose arKI returned rf unspent, in which case ti may be regarded as restricted. Resou es expended Expendrture is recogntsed on an accruals basis as a liabilty is incurred. Expenditure includes any VAT whh cannot be fulty recovered. and is classifEd under headings of the statement of financial activrties to which rt relates: expenditure on Taising funds includes the costs of all fundraising actP4ities, events, non4haritable tradiry tiVitIes, arNJ the sale of donated goods. expenditure on charitable actriiiies irKludes all costs incurred by a charty in undertaking activities that further its chartiable aims for the benefrt of its beneflarieS, including those support costs and costs relakng to the governance of the charity apportiord to charrtable activities. other expenditure includes all expenditure that is neither related to raising funds for the charty nor part of rts expendrture on charitable activities. All costs are allocated to expenditiire categories refleding the use of the resource. Direct costs attributable to a single activty a alk)cated directly to that actNty. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are inrtially recorded at cost, and subsequentty stated at cost bess any accumulated depreciati)n and impaim)ent losses. Ary tangble assets Caled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumukited inpaiment losses.
Reach Out Ministries Notes to the Financial Ststements {conthu Yearended 1 January 2025 Accounting pollcles (contlnu•d) Tangible assets (continu•d) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognksed gains and b)sses. unless it reverses a charge for impaiment that has PVK)usIY been recognised as expendrture ¥rythin the statement of financial activrties. A decrease in the carryirKJ amount of an asset as a resu of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revalUatn gain, in which case the loss is shown wrthin other recognised gains and losses on the staterrEnt of financial activi(ies. Depreciation Depreciation is calculated so as to vKite off the cost or valuation of an asset, less its resKlual value, over the useful econ(xnic life of that asset as folk)ws: Equipment 15% reducing balance Impalmient of flxed assets A review for IndatOrS of impairrrEnt is carried out at each reporting date, wrth the recoverable amount being estwnated where such indutors exist. Where the carying value exceeds the recoverable amount, the asset impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the Purposes of Impalmnt testing. when rt ts not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to whh the asset bek)ngs. The cash-generdting unit is the sMal$t entifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash infiows from other assets or groups of assets. For impaiment testing of goodwill. the go)dwill acquired in a business combination is, from the acquisition date, albcated to each Df the cash-generating unts that are expected to benefrt from the synergies of the combination, irrespective of whether other assets or Ikgbilities of the charty are assigned to those uniis. Financial instruments A financkal asset or a financial liabilty is recognised onty when the chafty becomes a party to the contpctual provisK)ns of the instrument. Basic financial instruments are inrtk41ty recognsed at the amount receNable or payable includirKJ any reLated transaction costs. Current assets and current liabliiies are subsequentty measured at the cash or other consideration expected to be pall or receNed arKI not di%counted. Debt instruments are subsequently measured at amrtised cost. Where investments in shares are publicty traded or their fair value can otherwise be measured reliably, the investment is subsequentty measured at fair value with changes in fair value recognised in income and expendbture. All ottyr such investrnents are subsequentty measured at cost less impainrjent.
Reach Out Ministries Notes to the Financial Statements (conlwju Year ended 1 January 2025 Accounting policies {¢onthw•d) Financial instruments (¢ontlnu Other financial instruments. including derivatNes, are initially recognised at fair value, unless payment for an asset k8 deferred beyond rK)nnal business terms or financed at a rate of interest that is not a market rate, in which case ttrE asset ts measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instNffEnts are subsequently measured at fair value, with any changes recognk8ed in the statement of financkal actlvrt, wilh the exception of hedging instruments in a designated hedging relationshFI. Financkal assets that are measured at cost or amorttsed cost are revE¥d for objective evKlence of impainnent at the end of each reporting date. If the ks objective evidence of impairment, an impaimient loss is recognised under the appropriate tradIng in the statement of financial activities in whh the initial gain as recogntsed. For all equty instruments regardless of significance, and other firkqncial assets that a indivNJually signifttnt, these are assessed indivUaIty for impairment. Other financial assets are erther assessed irKlivKlualty or grouped on the basis of simiLqr credrt risk chardcteristics. Any reversals of impaimpnt are recognised immedotety, to the extent that the reversal does not resu in a carryIj amunt of the financial asset that exceeds what the carying amount woukl have been had the impaiment Th)t prevU$1Y been recognised. Defined COntriblon plans Contributions to defined corrtrbution plans are recognised as an expense in the perK)d in which the related service is provided. Prepaid contrbutions are recognk8ed as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. hen contributK)ns are rK)t expected to be settled wholty within 12 months of the end of the reporting date in which the empbyees render the related senrfice, the liabilty is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which * arises. Donations and legacies Unrestricted Total Funds unstrICted Total Funds Funds 2025 Funds 2024 Donations Donations arKI cash deposrts Other grants 65,526 6,000 65,526 6,000 71,526 44,313 36,560 80.873 44,313 36,560 80,873 71,526 Charltable actlvttles Unrestricted Total Funds Unrestricted Totsl Funds FurKIs 2025 Funds 2024 HBC Funding 2(E,120 206.120 179,630 179,630
Reach Out Ministries Notes to the Financial Ststsments (conthu Year ended 1 January 2025 Investrnent income Unrestricted Totsl Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Bank interest receivable 28 28 Expenditure on charitable activilies by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Support costs 271.701 271,701 271,036 271.036 Exponditure on charitabla activiti•s by activity ty Total funds 2025 Total fund 2024 Support costs 271.701 271,701 271,036 Anatysls of support costs Anatysis of support costs activty 1 Total 2026 Total 2024 General offr 1,821 1.821 3,745 10. Net incom•l{expenditur•) Net incomel(expendfture) is stated after chargingl(crediting): 2026 2024 Depreciation of tangible fixed assets 1,669 11. Independent examination fees 2025 2024 Fees payable to the independent examiner for. Independent examination of the financial ststements 2,622 2,622 12. Staff costs The total staff costs ar)d empbyee benefts for the reporting perK)d are anatysed as follows: 2025 2024 Wages and salar Employer contrbutions to pension plans 151.142 2,439 142,564 1.690 153.581 144,254 10-
Reach Out Ministries Notes to the Financial Statements (conthu8d) Year ended 1 January 2025 12. Staff costs {lInU The averdge head count of employees during the year was 7 (2024: 5). The w4erage number of full-time equivalent empkjyees during the year is anatysed as follows.. 2025 No. 2024 No. Number of staff No employee receNed empbyee beneffts of more than £60.( during the year (2024.. Nil). 13. Trustee remunerntion and expenses Trustees did not recep any remuneration or expenses during the financial year (2022 Nil) 14. Tangible flxed assets Equipment Total Cost At 2 January 2024 and 1 January 2025 Depreciation At 2 January 2024 and 1 January 2025 Carrying amount At 1 January 2025 At 1 January 2024 15,404 15,404 5,942 9,462 9,462 9,462 9,462 15. Creditors: amounts falllng due within one year 2025 2024 Trade creditors 2,623 2,623 16. Penslons and other post retlvement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contr*Jution plans was £2,439 (2024: £1,690). 11
Reach Out Ministries Notes to the Financial Ststements (Cl1 Year ended 1 January 2025 17. Analysis of charitable funds Unrestricted funds At 1 January 20 25 ? January 202 Income Expendrture General funds 7,981 277,652 (271,701) 13,932 At 1 January 202 ? January 202 Income Expendiiure General funds 18,486 260,531 {271,036) 7,981 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year 9.462 7,093 {2,623) 13,932 9,462 7,093 (2,623) 13,932 Net assets Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Credtiors less than 1 year Net assots 9,462 1,142 (2.623) 7,981 9,462 1,142 (2,623> 7,981 12-